NYSE:CWT

California Water Service Group (CWT) Stock Price, News & Analysis

$46.54
+0.31 (+0.67%)
(As of 04/24/2024 ET)
Today's Range
$45.65
$46.95
50-Day Range
$43.77
$47.88
52-Week Range
$43.50
$58.33
Volume
1.96 million shs
Average Volume
361,668 shs
Market Capitalization
$2.68 billion
P/E Ratio
52.29
Dividend Yield
2.41%
Price Target
$53.50

California Water Service Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
15.0% Upside
$53.50 Price Target
Short Interest
Healthy
2.08% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
0.43
Upright™ Environmental Score
News Sentiment
0.51mentions of California Water Service Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.78%
From $2.25 to $2.38 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.35 out of 5 stars

Utilities Sector

21st out of 89 stocks

Water Supply Industry

3rd out of 12 stocks

CWT stock logo

About California Water Service Group Stock (NYSE:CWT)

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection services. It offers its services to approximately 497,700 customer connections in 100 California communities; approximately 6,500 water and wastewater customer connections on the islands of Maui, Oahu, and Hawaii; approximately 38,000 customer connections in the Tacoma, Olympia, Graham, Spanaway, Puyallup, Rainier, Yelm, and Gig Harbor areas; and approximately 11,400 water and wastewater customer connections in Rio Communities, Rio Del Oro, Meadow Lake, Indian Hills, Squaw Valley, Elephant Butte, Morningstar, Sandia Knolls, Juan Tomas, and Cypress Gardens systems. The company also engages in the provision of non-regulated water-related services, including operating of municipally owned water systems, privately owned water, and recycled water distribution systems; water system operation, meter reading, and billing services to private companies and municipalities; leasing of communication antenna sites on its properties; and billing of optional third-party insurance programs to its residential customers. In addition, it provides lab, wastewater collection, and treatment services. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.

CWT Stock Price History

CWT Stock News Headlines

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Company Calendar

Ex-Dividend for 2/23 Dividend
2/09/2024
Dividend Payable
2/23/2024
Last Earnings
2/29/2024
Today
4/25/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Water supply
Sub-Industry
Water Utilities
CUSIP
13078810
Employees
1,266
Year Founded
1926

Price Target and Rating

Average Stock Price Target
$53.50
High Stock Price Target
$66.00
Low Stock Price Target
$47.00
Potential Upside/Downside
+15.0%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$51.91 million
Pretax Margin
6.47%

Debt

Sales & Book Value

Annual Sales
$794.63 million
Cash Flow
$3.11 per share
Book Value
$24.78 per share

Miscellaneous

Free Float
57,167,000
Market Cap
$2.68 billion
Optionable
Optionable
Beta
0.49
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Key Executives


CWT Stock Analysis - Frequently Asked Questions

Should I buy or sell California Water Service Group stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for California Water Service Group in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CWT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CWT, but not buy additional shares or sell existing shares.
View CWT analyst ratings
or view top-rated stocks.

What is California Water Service Group's stock price target for 2024?

4 Wall Street analysts have issued 1-year target prices for California Water Service Group's shares. Their CWT share price targets range from $47.00 to $66.00. On average, they anticipate the company's stock price to reach $53.50 in the next twelve months. This suggests a possible upside of 15.0% from the stock's current price.
View analysts price targets for CWT
or view top-rated stocks among Wall Street analysts.

How have CWT shares performed in 2024?

California Water Service Group's stock was trading at $51.87 at the beginning of 2024. Since then, CWT stock has decreased by 10.3% and is now trading at $46.54.
View the best growth stocks for 2024 here
.

Are investors shorting California Water Service Group?

California Water Service Group saw a increase in short interest in March. As of March 15th, there was short interest totaling 1,160,000 shares, an increase of 18.6% from the February 29th total of 977,800 shares. Based on an average daily volume of 317,700 shares, the days-to-cover ratio is presently 3.7 days.
View California Water Service Group's Short Interest
.

When is California Water Service Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our CWT earnings forecast
.

How can I listen to California Water Service Group's earnings call?

California Water Service Group will be holding an earnings conference call on Thursday, April 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "8751121".

How were California Water Service Group's earnings last quarter?

California Water Service Group (NYSE:CWT) announced its earnings results on Thursday, February, 29th. The utilities provider reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.50 by $0.98. The utilities provider had revenue of $214.50 million for the quarter, compared to the consensus estimate of $269.41 million. California Water Service Group had a net margin of 6.53% and a trailing twelve-month return on equity of 3.75%. The business's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the business earned $0.35 earnings per share.

How often does California Water Service Group pay dividends? What is the dividend yield for California Water Service Group?

California Water Service Group announced a quarterly dividend on Thursday, January 25th. Investors of record on Monday, February 12th will be paid a dividend of $1.12 per share on Friday, February 23rd. This represents a $4.48 dividend on an annualized basis and a yield of 9.63%. The ex-dividend date of this dividend is Friday, February 9th. This is an increase from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for CWT
.

Is California Water Service Group a good dividend stock?

California Water Service Group (NYSE:CWT) pays an annual dividend of $1.12 per share and currently has a dividend yield of 2.45%. The company has been increasing its dividend for 58 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 125.84%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CWT will have a dividend payout ratio of 47.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CWT.

What is Martin Kropelnicki's approval rating as California Water Service Group's CEO?

14 employees have rated California Water Service Group Chief Executive Officer Martin Kropelnicki on Glassdoor.com. Martin Kropelnicki has an approval rating of 100% among the company's employees. This puts Martin Kropelnicki in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of California Water Service Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other California Water Service Group investors own include (NCIT) (NCIT), Ford Motor (F), SJW Group (SJW), American States Water (AWR), Alibaba Group (BABA), Pfizer (PFE), Consolidated Edison (ED), Enterprise Products Partners (EPD), General Electric (GE) and McDonald's (MCD).

Who are California Water Service Group's major shareholders?

California Water Service Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Raymond James & Associates (0.43%), Raymond James Financial Services Advisors Inc. (0.14%), Maryland State Retirement & Pension System (0.12%), State of Alaska Department of Revenue (0.06%), Louisiana State Employees Retirement System (0.05%) and Canvas Wealth Advisors LLC (0.03%). Insiders that own company stock include David B Healey, Gerald A Simon, Lester A Snow, Lynne P Mcghee, Michael B Luu, Michelle R Mortensen, Robert J Kuta, Terry Bayer and Thomas M Krummel.
View institutional ownership trends
.

How do I buy shares of California Water Service Group?

Shares of CWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CWT) was last updated on 4/25/2024 by MarketBeat.com Staff

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